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Associated British Foods announces Primark subsidiary spin-off

British group Associated British Foods announces the spin-off of Primark, its low-cost textile distribution subsidiary, in a statement by chairman Michael McLintock.

Published 19sem1 sourceNotable
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The fact

This separation would allow Primark to operate as an independent listed entity, strengthening its strategic flexibility and access to financing.

The decision reflects the desire to fully unlock Primark's value for investors and clarify the multinational group's structure.

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